瑞達 Rejda 保險教材英文練習(xí)題20

.

/

PrinciplesofRiskManagementandInsurance,11e<Rejda>

Chapter20HomeownersInsurance,SectionI

1>Whichofthefollowingstatementsis<are>trueregardingrentersinsurance?

I. Rentersinsuranceisneededifyourentahouse,butisnotneededifyourentanapartment.

II. TheISOrenter'spolicyprovides"all-risks"coverageontheinsured'spersonalproperty.

A>Ionly

B>IIonly

C>bothIandII

D>neitherInorII

Answer:D

QuestionStatus:PreviousEdition

2>Whichofthefollowingstatementsabouteligibilityrequirementsforhomeownersinsuranceis<are>true?

I. Acontractcanbewrittenonatwenty-unitapartmentcomplexaslongasthetenantsarefamilies.

II. Separateformsareavailableforrentersandcondominiumowners.

A>Ionly

B>IIonly

C>bothIandII

D>neitherInorII

Answer:B

QuestionStatus:PreviousEdition

3>AllofthefollowingstatementsabouttheHomeowners6<unit-ownersform>policyaretrueEXCEPT

A>Itincludespersonalliabilitycoverage.

B>Itcoverspersonalpropertyonan"all-risks"basis.

C>Itprovideslimitedcoverageforimprovementsandalterations.

D>Itprovideslimitedcoverageforlossassessments.

Answer:B

QuestionStatus:PreviousEdition

4>Whichhomeownerspolicyisdesignedforthetenantsofrentedpremises?

A>Homeowners2

B>Homeowners4

C>Homeowners6

D>Homeowners8

Answer:B

QuestionStatus:PreviousEdition

5>WhichofthefollowingstatementsabouttheHomeowners8policyis<are>true?

I. Lossestothedwellingaresettledonareplacementcostbasisifthedwellingisinsuredforitsfullmarketvalue.

II. Itisdesignedprimarilyforexpensive,newer,dwellings.

A>Ionly

B>IIonly

C>bothIandII

D>neitherInorII

Answer:D

QuestionStatus:PreviousEdition

6>WhichofthefollowingstatementsabouttheHomeowners3policyis<are>true?

I. Lossestothedwellingarealwayssettledonanactualcashvaluebasis.

II. Coverageonpersonalpropertyislimitedto$5,000.

A>Ionly

B>IIonly

C>bothIandII

D>neitherInorII

Answer:D

QuestionStatus:PreviousEdition

7>ThemajordifferencebetweentheHomeowners2policyandtheHomeowners3policyisthe

A>insuredperilsforthedwelling.

B>insuredperilsforpersonalproperty.

C>typeofliabilitycoverageprovided.

D>amountofcoverageforotherstructures.

Answer:A

QuestionStatus:PreviousEdition

8>PersonsinsuredsunderSectionIoftheHomeowners3policyincludewhichofthefollowing?

I. Aspouseofthenamedinsurediflivinginthesamehousehold

II. Thenamedinsured'schildrenwhoareunderage24andwhoarefull-timecollegestudents

A>Ionly

B>IIonly

C>bothIandII

D>neitherInorII

Answer:C

QuestionStatus:PreviousEdition

9>SectionIoftheHomeowners3policyprovidescoverageforallofthefollowingEXCEPT

A>lossofuse.

B>personalproperty.

C>otherstructures.

D>medicalpayments.

Answer:D

QuestionStatus:PreviousEdition

10>Allofthefollowingarecoveredunderthedwellingcoverage<CoverageA>oftheHomeowners3policyEXCEPT

A>anystructureattachedtothedwelling.

B>thelandonwhichtheinsureddwellingislocated.

C>materialsandsuppliesintendedforalterationorrepairofthedwelling.

D>materialsandsuppliesintendedforconstructionofadetachedgarage.

Answer:B

QuestionStatus:PreviousEdition

11>Whichofthefollowingstatementsaboutthecoverageforotherstructures<CoverageB>undertheHomeowners3policyistrue?

A>Theamountofinsuranceonotherstructuresisequaltoapercentageofthecoverageonthedwelling.

B>Structuresattachedtothedwellingbyafenceorutilitylineareconsideredtobepartofthedwellingratherthanotherstructures.

C>Coverageapplieseveniftheotherstructureisusedforbusinesspurposes.

D>Thereisnocoverageforaprivategarageifitisrentedtoatenantofthedwelling.

Answer:A

QuestionStatus:PreviousEdition

12>AllofthefollowinglossesaresubjecttospeciallimitsofliabilityundertheHomeowners3policyEXCEPTthe

A>theftoffirearms.

B>destructionbyfireofpropertyusedforbusinesspurposes.

C>stormdamagetoaboatatamarina.

D>destructionofjewelrybyfire.

Answer:D

QuestionStatus:PreviousEdition

13>Whichofthefollowingstatementsaboutthepersonalpropertycoverage<CoverageC>oftheHomeowners3policyis<are>true?

I. ThecoverageappliesonlyintheUnitedStatesandCanada.

II. Thefullamountofcoverageappliesonlyifthepropertyispermanentlylocatedatanyresidenceoftheinsured.

A>Ionly

B>IIonly

C>bothIandII

D>neitherInorII

Answer:D

QuestionStatus:PreviousEdition

14>TheHomeowners3policylimitstheamountofcoverageprovidedoncertainpersonalproperty<e.g.coincollectionsandsilverware>.Thispersonalpropertycanbeadequatelyinsuredby

A>loweringthedeductiblewhichappliestopersonalpropertylosses.

B>storingthepropertyawayfromthehomeatanotherlocation.

C>addingascheduletothepolicylistingthepropertywithspecificamountsofinsurance.

D>addinganappraisalclausetothepolicy.

Answer:C

QuestionStatus:PreviousEdition

15>Whichofthefollowingpropertyiscoveredunderthepersonalpropertycoverage<CoverageC>oftheHomeowners3policy?

A>apetiguanaownedbythenamedinsured'sspouse

B>abicycleownedbyafosterchildlivingwiththenamedinsured

C>musicCDslocatedinthenamedinsured'sautomobile

D>astampcollectioninsuredunderaseparatepolicy

Answer:B

QuestionStatus:PreviousEdition

16>Allofthefollowingstatementsaboutthecoverageforlossofuse<CoverageD>undertheHomeowners3policyaretrueEXCEPT

A>Ifacoveredlossmakesthehomeunfitforliving,theinsurerpaysadditionallivingexpensestheinsuredmayincurasaresultoftheloss.

B>Thedurationofpaymentsforadditionallivingexpensesislimitedtoamaximumof15days.

C>Thereiscoverageforthefairrentalvalueofanypartofthepremisesrentedtoothers.

D>Thereiscoverageifcivilauthoritiesprohibittheinsuredfromusingthepremisesbecauseofalosstoaneighboringpremisesfromaninsuredperil.

Answer:B

QuestionStatus:PreviousEdition

17>WhichofthefollowingstatementsabouttheadditionalcoveragesunderSectionIoftheHomeowners3policyistrue?

A>Thereiscoverageforthereasonablecostincurredtoprotectpropertyfromfurtherdamageafteracoveredlossoccurs.

B>Thereisunlimitedcoverageforfurnishingsofthelandlordinanapartmentonthepremisesthatisrentedtoothers.

C>Propertyremovedfromthepremisesbecauseitisendangeredbyaninsuredperiliscoveredonanamed-perilsbasiswhileitisoutsidetheinsuredpremises.

D>Damagecausedbythesettlingoftheinsuredstructureiscoveredasacollapse.

Answer:A

QuestionStatus:PreviousEdition

18>AllofthefollowingareadditionalcoveragesunderSectionIoftheHomeowners3policyEXCEPT

A>thereasonableexpensesofremovingdebrisofcoveredpropertyafteraninsuredloss.

B>firedepartmentservicechargesforwhichtheinsuredisliablebycontractoragreement.

C>damagetotreesandshrubscausedbyawindstorm.

D>lossesincurredfromtheunauthorizeduseofastolencreditcard.

Answer:C

QuestionStatus:PreviousEdition

19>Allofthefollowingarecoveredperilsunderthepersonalpropertycoverage<CoverageC>ofanunendorsedHomeowners3policyEXCEPT

A>earthquake.

B>theft.

C>windstorm.

D>explosion.

Answer:A

QuestionStatus:PreviousEdition

20>WhichofthefollowinglossestoadwellingwouldbecoveredunderanunendorsedHomeowners3policy?

A>smokedamageresultingfromagriculturaloperationsofaneighboringfarmer

B>damagetothestructurecausedbyaflashflood

C>damagetothestructurecausedbytheweightofheavysnow

D>damagetoafloorcausedbywaterbackingupthroughasewerpipe

Answer:C

QuestionStatus:PreviousEdition

21>Whichofthefollowingstatementsaboutcoveredperilsunderthepersonalpropertycoverage<CoverageC>oftheHomeowners3policyistrue?

A>Theftlossestoboatsandwatercraftarecoveredonlyiftheyoccurattheinsured'sresidence.

B>Damagefromanexplosioniscoveredonlyiftheexplosionistheresultoffireorlightning.

C>Propertydamagefromvehiclesiscoveredonlyifitiscausedbytheinsured.

D>Smokedamageiscoveredonlyifitarisesfromagriculturalorindustrialoperations.

Answer:A

QuestionStatus:PreviousEdition

22>WhichofthefollowingtypesofwaterdamageiscoveredunderanunendorsedHomeowners3policy?

A>damagefromflood

B>damagefromwaterbackingupthroughadrain

C>damagefromwaterbelowthesurfaceofthegroundthatseepsintoabasement

D>damagefromwaterthatoverflowsfromamalfunctioningwashingmachine

Answer:D

QuestionStatus:PreviousEdition

23>AllofthefollowingaregeneralexclusionsunderSectionIoftheHomeowners3policyEXCEPT

A>lossesduetoearthquake.

B>lossesduetothefailureoftheinsuredtouseallreasonablemeanstosaveandpreservepropertyafterthetimeofaloss.

C>lossesresultingfromapowerfailurecausedbyaninsuredperilattheresidencepremises.

D>lossesduetoradiationfromanuclearpowerplant.

Answer:C

QuestionStatus:Revised

24>Whichofthefollowingis<are>includedamongthedutiesofaninsuredfollowingalosscoveredundertheHomeowners3policy?

I. Tofileaproofoflosswithinaspecifiedtimeperiodaftertheinsurer'srequest.

II. Toprepareaninventoryofdamagedpersonalproperty.

A>Ionly

B>IIonly

C>bothIandII

D>neitherInorII

Answer:C

QuestionStatus:PreviousEdition

25>WhichofthefollowingstatementsaboutthereplacementcostprovisionoftheHomeowners3policyistrue?

A>Itappliestopersonalpropertylossesonly.

B>Exceptforsmalllosses,theinsuredmustrepairorreplacethedamagedpropertyinordertoreceivefullreplacementcost.

C>Theinsuredisrequiredtocarryanamountofinsuranceequalto100percentofthereplacementvalueoftheinsuredproperty.

D>Losssettlementsareequalto50percentofthevalueofthelossiftheinsurediscarryinglessthantherequiredamountofinsurance.

Answer:B

QuestionStatus:PreviousEdition

26>DavidhasaHomeowners3policythatprovides$280,000ofinsuranceonhisdwelling,whichhasacurrentreplacementvalueof$400,000.Ignoringanydeductible,howmuchwillDavidcollectifakitchenwithareplacementvalueof$24,000butanactualcashvalueof$18,000isdestroyedinafire?

A>$18,000

B>$20,000

C>$21,000

D>$24,000

Answer:C

QuestionStatus:PreviousEdition

27>WhichofthefollowingstatementsabouttheappraisalclauseintheHomeowners3policyis<are>true?

I. Itisusedtodetermineavalueforpersonalpropertywhenthepolicyisissued.

II. Itisusedtohelpsettledisputesovertheamountofalossafteralosshasoccurred.

A>Ionly

B>IIonly

C>bothIandII

D>neitherInorII

Answer:B

QuestionStatus:PreviousEdition

28>UndertheHomeowners3policy,allofthefollowingareoptionsoftheinsurerforsettlingclaimsEXCEPT

A>payingtheclaimincash.

B>replacingtheproperty.

C>repairingtheproperty.

D>payingtheclaimwithinsurancecompanystock.

Answer:D

QuestionStatus:PreviousEdition

29>AllofthefollowingaredutiesofthemortgageeunderthestandardmortgageclauseEXCEPT

A>toreimbursetheinsurerforanylosspayments.

B>tonotifytheinsurerofanychangeinownershipofthepropertyofwhichthemortgageeisaware.

C>toprovideaproofoflossformiftheinsuredfailstodoso.

D>topaythepremiumiftheinsuredfailstodoso.

Answer:A

QuestionStatus:PreviousEdition

30>AllofthefollowingstatementsaboutthecancellationofaHomeowners3policyaretrueEXCEPT

A>Theinsurermaycancelanewpolicyforanyreasonifithasbeeninforceforlessthan60daysandisnotarenewalpolicy.

B>Atleast100daysnoticeofcancellationmustbegivenifaninsurercancelsapolicyfornonpaymentofpremium.

C>Apolicywrittenforlongerthan1yearcanbecancelledforanyreasonontheanniversarydatebygivingtheinsuredatleast30daysnoticeofcancellation.

D>Afterapolicyhasbeeninforceforatleast60days,itcanbecancelledbytheinsureriftheriskhasincreasedsubstantiallysincethepolicywasissued.

Answer:B

QuestionStatus:PreviousEdition

31>AllofthefollowingstatementsaboutconditionsunderahomeownerspolicyaretrueEXCEPT

A>Ifaninsurerbroadenscoveragewithoutanadditionalpremiumduringthepolicyperiod,thebroadenedcoverageappliesimmediatelytothepresentpolicy.

B>Awaiverorchangeinanypolicyprovisionmustbeapprovedinwritingbytheinsurertobevalid.

C>Theinsurermustgivewrittenconsentforanassignmentofthepolicytobevalid.

D>Ifthenamedinsureddies,coverageautomaticallyceaseswithrespecttoanypropertyofthedeceased.

Answer:D

QuestionStatus:PreviousEdition

32>Calisrentinganapartment.Whichhomeownerspolicyisspeciallydesignedtoinsurerenters?

A>HO-2

B>HO-3

C>HO-4

D>HO-6

Answer:C

QuestionStatus:PreviousEdition

33>Shaunapurchasedacondominiumunit.Whichhomeownerspolicyisspeciallydesignedforcondominiumunitowners?

A>HO-2

B>HO-3

C>HO-4

D>HO-6

Answer:D

QuestionStatus:PreviousEdition

34>Michellehadfourmatchingendtablesinherhome.Afiredamagedthehome,destroyingtwooftheendtables.Michelle'shomewascoveredbyanunendorsedHomeowners3policy.Whichofthefollowingistruewithregardtothesettlementfortheendtablesinthiscase?

A>Losstoapairorsetisexcludedunderthepolicy.

B>Theinsurerwillpaythedifferenceinactualcashvalueofthepropertybeforeandaftertheloss.

C>Theinsurerwillpaythereplacementcostoftheloss.

D>Ifapartiallosstoapairorsetoccurs,theinsurerisliableforreplacementoftheentirepairorset.

Answer:B

QuestionStatus:PreviousEdition

35>Betty'spersonalpropertyisinsuredfor$100,000underherHomeowners3policy.Ifsheusuallykeepssomepersonalpropertyatamountaincabinthatsheowns,howmuchcoverageforthispropertyisavailableunderherhomeownerspolicy?

A>$10,000

B>$20,000

C>$40,000

D>$50,000

Answer:A

QuestionStatus:PreviousEdition

36>Lindawantstopurchaseahomeownerspolicy,butshehassomevaluablepersonalpropertytowhichinternalpolicylimitsapply.Heragentsaidthatshecouldobtaincoverageunderherhomeownerspolicybyattachingalistofthisvaluablepropertywithspecificamountsofinsurance.Suchalistingiscalleda<n>

A>binder.

B>schedule.

C>application.

D>warranty.

Answer:B

QuestionStatus:PreviousEdition

37>AllofthefollowingareadditionalcoveragesprovidedunderSectionIoftheHomeowners3policyEXCEPT

A>reasonablerepairs.

B>debrisremoval.

C>personalliability.

D>propertyremoval.

Answer:C

QuestionStatus:PreviousEdition

38>DarlapurchasedanunendorsedHomeowners3policy.Whilethepolicywasinforce,afireoccurredthatdestroyedalivingroomset.Thelivingroomsetcost$4,000new,butwas25percentdepreciatedwhenthelossoccurred.Replacementfurniturewillcost$4,400.Assumingnodeductible,howmuchwillDarlareceivefromherinsurer?

A>$3,000

B>$3,300

C>$3,400

D>$4,400

Answer:B

QuestionStatus:PreviousEdition

39>Adwellingwithareplacementcostof$150,000wasinsuredunderaHomeowners3policyfor$100,000atthetimetheroofwasdestroyedbyawindstorm.Theactualcashvalueofthelosswas$9,000,butitwillcost$12,000toreplacetheroof.Assumingnodeductible,whatwilltheinsurerpaytosettlethisloss?

A>$8,000

B>$9,000

C>$10,000

D>$12,000

Answer:C

QuestionStatus:PreviousEdition

40>Ellenbelievesthevalueofthelosstoherhomeis$30,000.Theinsurerhasoffered$18,000tosettletheloss.IfEllenandtheinsurercannotagreeonthevalueoftheloss,whichhomeownerspolicyprovisionspecifieshowthisdisputewillbesettled?

A>insurer'soption

B>appraisalclause

C>losspaymentclause

D>mortgageclause

Answer:B

QuestionStatus:PreviousEdition

41>Tedpurchasedahome.Tofinancethepurchase,heborrowed$140,000fromABCBank,pledgingthehomeascollateralfortheloan.Shortlyafterpurchasingthehome,Tedlosthisjob.Hecouldnotfindanotherjobandcouldnotpaythemortgageeachmonth.Tedsetfiretothehome.Theclaimsadjustersuspectedarson,andaninvestigationprovedthatTedintentionallycausedtheloss.UnderthemortgageclauseoftheHomeowners3policy,howwillthislossbesettled?

A>Theinsurerhasnoliabilitybecausethelosswasintentional.

B>TheinsurerwillpayTedtheactualcashvalueofthelossasintentionallossisnotexcluded.

C>TheinsurerwillpayABCthevalueofitsinsurableinterestandpayTedthevalueofhisinsurableinterest.

D>TheinsurerwillpayABCthevalueofitsinsurableinterestandthenattempttorecoupthelosspaymentfromTed.

Answer:D

QuestionStatus:Revised

42>MikeandSusanbuilttheir"dreamhome."Theyinsuredtheirhomeforitsfullreplacementcost.Theyalsoaddedanendorsementthatwillpayuptoanadditional20percentofthepolicylimitincasethecostofrebuildingthehomeafteralossisgreaterthanthepolicylimit.ThebasisunderwhichMikeandSusaninsuredtheirhomeiscalled

A>actualcashvalue.

B>valuedpolicycoverage.

C>extendedreplacementcost.

D>guaranteedreplacementcost.

Answer:C

QuestionStatus:PreviousEdition

43>JoseandMariawouldlike"all-risks"coverageontheirhomeandtheirpersonalproperty.Whichunendorsedhomeownersformprovidesthiscoverage?

A>Homeowners2

B>Homeowners3

C>Homeowners4

D>Homeowners5

Answer:D

QuestionStatus:PreviousEdition

44>AllofthefollowingstatementsaboutcoveredperilsandlosssettlementunderanunendorsedHomeowners3policyaretrueEXCEPT

A>Thedwellingiscoveredonanall-riskbasis.

B>Personalpropertylossesaresettledonareplacementcost